New Oriental Education & Technology Group, Inc. (NYSE:EDU) has received a consensus recommendation of “Hold” from the thirteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $89.51.

A number of brokerages have commented on EDU. Zacks Investment Research cut New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Bank of America raised New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating and set a $105.00 target price on the stock in a research note on Monday, September 25th. Vetr cut New Oriental Education & Technology Group from a “buy” rating to a “hold” rating and set a $94.84 target price on the stock. in a research note on Tuesday, October 10th. J P Morgan Chase & Co cut New Oriental Education & Technology Group from a “neutral” rating to an “underweight” rating and set a $82.00 target price on the stock. in a research note on Thursday, September 14th. Finally, CLSA cut New Oriental Education & Technology Group from an “outperform” rating to an “underperform” rating in a research note on Tuesday, October 24th.

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of Nova Scotia purchased a new position in shares of New Oriental Education & Technology Group during the second quarter valued at approximately $1,903,000. Calamos Advisors LLC boosted its position in shares of New Oriental Education & Technology Group by 43.1% during the third quarter. Calamos Advisors LLC now owns 114,480 shares of the company’s stock valued at $10,104,000 after purchasing an additional 34,480 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of New Oriental Education & Technology Group by 17.1% during the third quarter. BNP Paribas Arbitrage SA now owns 473,316 shares of the company’s stock valued at $41,775,000 after purchasing an additional 68,977 shares in the last quarter. BARING ASSET MANAGEMENT Ltd boosted its position in shares of New Oriental Education & Technology Group by 110.2% during the third quarter. BARING ASSET MANAGEMENT Ltd now owns 413,905 shares of the company’s stock valued at $36,531,000 after purchasing an additional 217,035 shares in the last quarter. Finally, Tairen Capital Ltd boosted its position in shares of New Oriental Education & Technology Group by 8.3% during the second quarter. Tairen Capital Ltd now owns 1,890,988 shares of the company’s stock valued at $133,296,000 after purchasing an additional 145,192 shares in the last quarter. 77.38% of the stock is currently owned by hedge funds and other institutional investors.

New Oriental Education & Technology Group (EDU) opened at $84.28 on Monday. The company has a market capitalization of $13,289.86, a P/E ratio of 45.56, a price-to-earnings-growth ratio of 1.31 and a beta of 1.33. New Oriental Education & Technology Group has a 12 month low of $37.16 and a 12 month high of $94.63.

New Oriental Education & Technology Group (NYSE:EDU) last announced its quarterly earnings results on Tuesday, October 24th. The company reported $1.00 EPS for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.04). The company had revenue of $661.20 million during the quarter, compared to analysts’ expectations of $643.90 million. New Oriental Education & Technology Group had a return on equity of 17.32% and a net margin of 15.15%. New Oriental Education & Technology Group’s revenue for the quarter was up 23.8% on a year-over-year basis. During the same period last year, the firm earned $0.90 earnings per share. analysts predict that New Oriental Education & Technology Group will post 2.03 EPS for the current year.

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About New Oriental Education & Technology Group

New Oriental Education & Technology Group Inc is a provider of private educational services in the People’s Republic of China (the PRC). The Company provides educational services under its New Oriental brand. The Company operates through seven segments, which include language training and test preparation, primary and secondary school education, online education, content development and distribution, pre-school education, overseas study consulting services and study tour.

Analyst Recommendations for New Oriental Education & Technology Group (NYSE:EDU)

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